Santa Clara Stadium Authority: stadium agreements: enforceable obligations.

Existing law authorized the City of Santa Clara and the Redevelopment Agency of the City of Santa Clara to enter into a joint powers agreement to create and operate a joint powers agency, the Santa Clara Stadium Authority, for the construction, operation, and maintenance of a stadium and related facilities that are suitable for use by a professional football team. Existing law dissolved redevelopment agencies, as of February 1, 2012, and provides for the designation of successor agencies, as defined. Existing law requires the successor agencies to wind down the affairs of the dissolved redevelopment agencies and to, among other things, make payments due for enforceable obligations, as defined. Existing law requires the Controller to review the activities of successor agencies to determine if an asset transfer that was not made pursuant to an enforceable obligation occurred after January 31, 2012, between the successor agency and the city, county, or city and county, as defined, that created the redevelopment agency. If such a transfer occurred, the Controller is required to order the return of available assets to the successor agency. This bill would exclude the Santa Clara Stadium Authority from the definition of "city, county, or city and county" for these purposes. The bill would further provide that agreements entered into prior to June 27, 2011, between a former redevelopment agency and the Santa Clara Stadium Authority to contribute funding to the development of a stadium constitute enforceable obligations that shall not be subject to termination. The bill would make findings regarding the need for special legislation.